BofA Debuts Cryptocurrencies Research Team Led by Alkesh Shah

Bank of America Corp. created a new team dedicated to researching cryptocurrencies, marking Wall Street’s latest push to capitalize on investors’ frenzy for digital assets.

Alkesh Shah will lead the effort, which will also cover technologies tied to digital currencies, and report to Michael Maras, who leads fixed-income, currencies and commodities research globally, according to an internal memo seen by Bloomberg. A spokeswoman for the firm confirmed the contents of the memo, declining to comment further.

“Cryptocurrencies and digital assets constitute one of the fastest growing emerging technology ecosystems,” Candace Browning, head of global research for Bank of ...